Vitec AB is acquiring the Danish software company Visiolink Management ApS, enhancing its position in the digital publishing sector.
Target Information
Vitec AB, a publicly traded company listed on OMX Nasdaq in Stockholm, is set to acquire Visiolink Management ApS, a Danish software enterprise. With a workforce of approximately 700 employees, Vitec reported sales exceeding SEK 1 billion. Visiolink specializes in providing a publishing system designed for digital versions of print media, catering to newspapers and media organizations. The company boasts around 200 clients across nine European nations and generated sales of SEK 62.4 million in 2019, alongside an adjusted EBITDA of SEK 14.9 million.
Jens Funder Berg, the CEO and founder of Visiolink, expressed optimism about the acquisition, stating, "I am pleased to see Vitec as the new owner of the company. It feels completely right considering its broad expertise within niche software and its market-leading position." This acquisition reflects the potential for enhanced growth and synergy in the media software sector.
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Industry Overview in Denmark
The software industry in Denmark has been experiencing notable growth, driven by digital transformation across various sectors, including media. The country's focus on innovation and technology has fostered an environment conduciv
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Vitec AB
invested in
Visiolink Management ApS
in 2020
in a Merger deal
Disclosed details
Revenue: $7M
EBITDA: $2M